CandleFocus Shiba Inu Price Flashes Historical Bull Flag, Here’s What Happened Last Time
2024-10-15
Author: Content Editor
The analyst without_worries has analyzed the price action of Shiba Inu and identified a significant correction and the formation of a bull flag pattern. They believe that going long on Shiba Inu presents a favorable opportunity, especially considering the breakout above the bull flag pattern and the bullish signal from the Relative Strength Index (RSI). The analyst suggests that if Shiba Inu experiences a second impulsive move, it could trigger a repeat rally similar to the one seen during its last major breakout. They project a potential price target between $0.00006204 and $0.000074. Another analyst, Javon Marks, also predicts a return to Shiba Inu's all-time high at $0.000081 based on an earlier breakout of a falling wedge pattern. The price of Shiba Inu has been volatile in the past seven days but has gained about 11.84%. As of now, it is trading at $0.00001809.
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